Shares of Telefonaktiebolaget LM Ericsson ERIC rose 12.3% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 68.75% year over year to $0.27, which beat the estimate of $0.21.
Revenue of $8,079,000,000 up by 13.71% from the same period last year, which beat the estimate of $7,750,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Telefonaktiebolaget L M hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jan 29, 2021
Time: 03:00 AM
ET Webcast URL: https://www.ericsson.com/en/investors/financial-reports/interim-reports
Technicals
52-week high: $15.31
Company's 52-week low was at $6.15
Price action over last quarter: Up 4.98%
Company Description
Ericsson is leading supplier within the telecommunications equipment sector. The company's three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.
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